VEB says plans to lay off 40Ц50% of current staff

MOSCOW, Jun 1 (PRIME) -- RussiaТs state-owned Vnesheconombank (VEB) plans to lay off 40Ц50% of the current staff, a spokesperson for the bank told PRIME on Friday.

УA decision to reduce the staff and the number of VEBТs employees was made upon results of an audit of the state corporationТs state, with attracting internal expertise and specialistsЕ Optimization will be quite large-scale Ц at a level of 40Ц50% from the current staff. Requirements to labor efficiency will grow. Taking into account professionalism of employees, tasks set for VEB as a basic development institute will be fulfilled,Ф the spokesperson said.

In 2017, the average staff of VEBТs employees comprised 1,795 people. The salary fund for 2017 was 7.1 billion rubles.